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7 out of 10 Greeks Unhappy with Their Lives

The vast majority of Greeks claim they feel insecure and unhappy since their own lives and the future direction of Greece are expected to get worse. According to a poll published in a Greek newspaper, just 3 out of 10...

OECD Estimates Greek Economy Will Improve

The Greek economy has begun to recover due to increased tourism and improved confidence, according to the bi-annual Economic Outlook report of the OECD. The economic growth rate will gradually become positive during 2014, says the report, and it is expected to rise...

Greek Benefits Card Set for Online Renewal to Cut Queues

Greece's Minister of Labour, Giannis Vroutsis, is to present a amendment to parliament Tuesday in a bid to end the long queues outside the state labour offices to ease the plight of 1m unemployed on benefits. The revision will digitalise not only the online...

FT: Paper Prosperity and the Lost Generation of Greeks

"How long will it take for Greece or Spain to reach pre-crisis levels of employment? Ten years would be an optimistic guess. It may take a generation. Only then can we credibly speak of an economic recovery," states Wolfgang...

Average Unemployment Duration Hits Nine Months

Guy Ryder, the director-general of the International Labor Organization, will present a report on the Greek job market in Parliament on Tuesday, during a joint session between the European and Social Affairs committees.  As reported in the 2014 edition of the annual Global...

Top 10 Trades for Recruitment in the Economic Crisis

Despite Greece’s high unemployment rate and the relentless deterioration of working conditions due to the financial crisis, there are ten professions that have managed to survive. The Hellenic Statistical Authority (ELSTAT), after assessing employment data, listed the professions with the highest recruitment...

German Paper Reports on Unpaid Work in Greece

A recent article in German daily Der Spiegel, entitled Warum Jannis auch ohne Lohn arbeitet ('Why is Yannis working without a salary?') addresses the problem of unpaid work in Greece. The newspaper told the story of 32 year-old Yannis, who after many years of...

IOBE: Economic Growth and Decreased Unemployment in 2014

The Greek Foundation of Economic and Industrial Research (IOBE) presented  its report on the Greek economy for the first quarter of 2014 on Wednesday, April 16. According to the report, the Greek economy will stabilize, and may even grow slightly, after several years of...

Unemployment in Greece Still Highest in EU

Despite a slight drop in unemployment in December in Greece, the proportion of young people and females without work remains the highest in the European Union, data provided by Eurostat has revealed. Unemployment in Greece rose to 27.5%, compared to 27.6%...

OECD Report: 18% of Greeks Suffering Poverty

A recent OECD report on poverty revealed that the 17.9% of Greeks can't afford to buy food – more than in countries with lower per capita income such as Brazil and China. The OECD report, entitled "Society at a Glance...